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News & Articles By Sterling Ashworth
06/08/2026
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By Sterling Ashworth
Strong U.S. Jobs Report Fuels Expectations of Federal Reserve Rate Hike by Year-End
The Bureau of Labor Statistics reported that nonfarm payrolls added 340,000 jobs in May, exceeding the 180,000 forecast by economists surveyed by Dow Jones. The unemployment rate fell to 3.6% from 3.9% in April, according to the report. “Probably no single economic statistic carries a greater emotional charge than the Labor Department’s monthly report on […]
06/08/2026
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By Sterling Ashworth
Millions Frozen, Dozens Arrested in Historic Southeast Asian Scam Raid
More than 1 million scam-related online accounts were taken down and millions of dollars in cryptocurrency were frozen as part of a U.S.-led crackdown on Southeast Asian scam networks, according to officials. The operations, conducted by the U.S. Department of Justice‘s (DOJ) Scam Center Strike Force with the Federal Bureau of Investigation (FBI) and international […]
06/07/2026
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By Sterling Ashworth
U.S. Treasury Sanctions Iran’s Nobitex Crypto Exchange Amid Regional Conflict
The U.S. Treasury Department imposed sanctions on Nobitex, Iran’s largest cryptocurrency exchange, accusing it of facilitating transactions for Iran’s military, according to a Treasury statement [1]. The action, conducted by the Office of Foreign Assets Control (OFAC), blocks all assets held by the exchange under U.S. jurisdiction and prohibits U.S. persons from engaging in transactions […]
06/07/2026
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By Sterling Ashworth
U.S. Oil Shocks Have Muted Impact on Employment, Fed Study Finds
A new study from the Federal Reserve Bank of Boston has found that oil price shocks add less to inflation than in the 1970s and that their effect on employment has largely vanished. Researchers estimated that a 33% price shock tied to the current war with Iran would add about 1.5 percentage points to inflation […]
06/05/2026
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By Sterling Ashworth
Indian Refiners Freeze Domestic Jet Fuel Prices Amid Supply Concerns
Indian refiners have frozen the price of jet fuel for domestic flights after airlines requested relief from recent fuel price increases, according to a Bloomberg report. In an additional concession, fuel makers also reduced the price of jet fuel for international flights, the report stated, citing unnamed spokespeople from state-owned refiners including Indian Oil Corp., […]
06/04/2026
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By Sterling Ashworth
European Central Bank: Gold Surpasses U.S. Treasuries as Global Reserve Asset
Gold has overtaken U.S. Treasuries as the world’s second-largest reserve asset held by central banks, according to a European Central Bank (ECB) report. Bullion accounted for 27% of global central bank reserve assets at the end of 2025, up from 20% a year earlier, the ECB said. In contrast, U.S. Treasuries fell to 22% from […]
06/02/2026
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By Sterling Ashworth
Gold Drops Nearly 2% as Middle East Tensions Fuel Rate Hike Expectations
Gold fell nearly 2% on Monday – testing the $4,500 per ounce level – according to market data, as renewed U.S. military strikes on Iranian sites intensified expectations that the Federal Reserve will keep interest rates elevated. Three-month futures in New York also dropped, holding just above $4,500 per ounce. Overnight, U.S. forces carried out airstrikes on […]
05/31/2026
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By Sterling Ashworth
Copper Tariff Trade Tightens Global Supply
Traders are once again scouring global markets for copper to ship to the United States, as renewed speculation over import tariffs widens the price spread between New York’s Comex and the London Metal Exchange (LME), according to several industry executives. The revived trade is tightening global availability of the industrial metal, with front-month Comex contracts […]
05/28/2026
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By Sterling Ashworth
Trump Media Transfers Bitcoin to Exchange as Unrealized Losses Reach $455 Million
Trump Media & Technology Group (Nasdaq: DJT) transferred 2,650 Bitcoin worth approximately $205 million to the exchange Crypto.com on May 22, 2026, a move widely interpreted as preparation for a potential sale, according to on-chain data from blockchain analytics firm Lookonchain. The transfer occurred in two transactions originating from wallets labeled as Trump Media accounts […]
05/28/2026
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By Sterling Ashworth
China to Impose Mining Controls on Strategic Minerals Starting June 15
China plans to impose mining controls on certain strategic minerals to ensure supply security and protect finite resources, according to a government notification published by the official Xinhua News Agency. The new rules, which take effect June 15, will allow Beijing to control total output, restrict mining entities, and conduct security reviews on foreign investments […]
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